Mitsui & Co. (U.S.A.), Inc., 401(k) Retirement Plan

Plan name Mitsui & Co. (U.S.A.), Inc., 401(k) Retirement Plan
LocationNew York, NY
Asset size ($MM)>$100 million – $200 million
Participants1,000 – 4,999
IndustryTechnology/Computers/Software, Other:
Participation rate96%
Average deferral rate10%
# of funds offered14
Investment reviewAnnually
True-up matchYes
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate5%
Default investmentTarget-date Fund (all types)
Automatic escalationMore than 1%
Systematic withdrawalsYes – plan to add by 06/30/2024
Fee equalizationYes – a policy is in place
Match RateNR
% receiving full matchVast majority (75% or more)
Maximum employer contribution3%
Financial Education
Saving/Budgeting
Yes
Investing strategies
Yes
College saving
Yes
Credit/Debt management
Yes
Tax/Estate planning
Yes
Retiree health costs/savings options​
Yes
RecordkeeperVanguard
Footnotes
NRNot Reported
Yes yes
No no
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